Uniswap Records 20% Weekly Loss Due to Large Whale Token Transfer

Uniswap experienced a weekly loss of over 20% following a large investor's offloading of 2.25 million UNI tokens to Kraken, valued at approximately $13.71 million. This transaction was interpreted as an attempt to cut losses.

Uniswap Performance

UNI's price fell to $5.80, marking a 2.80% decline in the last 24 hours.
The significant drop resulted from heightened selling pressure attributed to the whale's actions.
The whale had previously accumulated UNI at an average price of $6.92, reaching an unrealized profit peak of $26.5 million.
Current unrealized earnings for the whale have decreased to $1.86 million.

Market Indicators

Santiment reported an increase in Exchange Flow balance, indicating rising selling pressure with net movements into exchange wallets growing from -428,920 to 2.23 million.
Supply on Exchanges rose by 2.67%, suggesting traders are offloading their holdings amid declining confidence in Uniswap.
Technical analysis shows bearish sentiment; Bollinger Bands indicate strong downward momentum with current price near the lower band.

Overall market conditions suggest potential further declines for UNI unless there is a reversal in selling trends.